Global Butyraldehyde Market: Trends, Analysis and Forecast (2022-208)



Butyraldehyde is a colorless or yellowish liquid with a pungent odor. It is an organic compound with the chemical formula C4H8O. Butyraldehyde is produced through the hydroformylation of propylene, which involves the reaction of propylene with carbon monoxide and hydrogen in the presence of a catalyst. Butyraldehyde is used in the production of various chemicals, such as n-butanol, 2-ethylhexanol, and di-n-butyl phthalate.

Market Analysis:

The global butyraldehyde market is expected to grow at a steady rate during the forecast period (2021-2026). The increasing demand for butyraldehyde in the production of various chemicals, especially n-butanol, is driving the growth of the market. The rising demand for n-butanol in the production of butyl acrylate and glycol ethers is expected to further boost the demand for butyraldehyde.

The Asia-Pacific region is the largest market for butyraldehyde, with China being the major producer and consumer of butyraldehyde in the region. The increasing demand for n-butanol and 2-ethylhexanol in the region is driving the growth of the butyraldehyde market. The North American and European markets are also expected to grow at a steady rate during the forecast period.

Key Players:

The key players operating in the global butyraldehyde market include BASF SE, Eastman Chemical Company, Evonik Industries AG, Arkema SA, Dow Chemical Company, Formosa Plastics Corporation, OXEA GmbH, Perstorp Holding AB, Rhodia SA, and Sasol Limited.

More Info- https://www.coherentmarketinsights.com/market-insight/butyraldehyde-market-3076 

Conclusion:

The butyraldehyde market is expected to grow at a steady rate during the forecast period, driven by the increasing demand for n-butanol in various industries. The Asia-Pacific region is the largest market for butyraldehyde, with China being the major producer and consumer of butyraldehyde in the region. The key players in the market are focusing on expanding their production capacities and investing in R&D to develop new products and applications.

About Coherent Market Insights

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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